Monday, February 23, 2009

Janus Capital Junked

Rabid downgrader of everything leveraged, S&P, just woodshedded Denver mutual fund Janus Capital, downgrading its rating from BBB- to BB+ , resulting in its stock plunging to a new all time low. The downgrade will only make refinancing the company's over $1 billion in debt all that more interesting. At least current and soon to be former employees have full access to the Denver club scene, cheap rents and local ski slopes. Sphere: Related Content
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